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PMLA: Anticipatory Bail Granted Due to Absence of 'Proceeds of Crime’
Explore how 'Proceeds of Crime' criteria influence anticipatory bail decisions under PMLA in our latest analysis.
Jan 17, 20243 min read
Interpreting PMLA Arrest Guidelines: Delhi High Court’s Perspective on Oral Communication of Grounds of Arrest
Introduction In the interlinked cases of Neeraj Singal v. Directorate of Enforcement [i] ( ‘ED' ), the Delhi High Court ( ‘DHC' )...
Jan 16, 20245 min read
Redefining Tax Notice Procedures: Rajasthan High Court's Critical Stance on Compliance and Jurisdiction
Introduction In a landmark judgment, the Rajasthan High Court bench at Jaipur ( ‘the Court’ ) pronounced a pivotal decision in Bijendra...
Jan 16, 20244 min read
Validity of Unregistered Agreement: ITAT holds that the Law Does Not Require an Agreement to be in Writing
ITAT confirms: Oral agreements are as valid as written ones for immovable property sales under s. 43CA, ensuring fairness in tax assessments
Jan 16, 20244 min read
Full Disclosure & Bona Fide Claims: The Deciding Factor Against Penalties in Tax Law
Introduction The Supreme Court ( ‘SC’ ) in the case of Principal Commissioner of Income Tax v. Indusind Bank Ltd . [i] dismissed the...
Jan 12, 20242 min read
Rajasthan HC Emphasizes Timely Compliance & Accountability in Asset Seizure & Release
Rajasthan HC rules on timely asset release in ED seizures, stressing legal compliance and efficiency.
Jan 10, 20243 min read
High Court Quashes SCN issued under CGST Act: Pre-requisites for Issuance of SCNs in GST Proceedings Explained
Introduction The Calcutta High Court ( ‘the Court’ ) recently rendered a decision in the case of Diamond Beverages (P.) Ltd. v. Assistant...
Jan 3, 20243 min read
Supreme Court Rejects Retrospective Application of Pankaj Bansal Case in Supertech Founder’s Arrest under PMLA
Introduction In the matter of Ram Kishor Arora v. Directorate of Enforcement [i] ( ‘ED’ ), the Hon’ble Supreme Court (‘ Apex Court’ )...
Jan 2, 20244 min read
The Power Play: Official Liquidators v. SFIO Investigations
Introduction In a landmark decision by the Allahabad High Court ( ‘the HC’ ), in the case of Reserve Bank of India v. Kubar Mutual...
Jan 2, 20243 min read
[Delhi HC] Cumulative Satisfaction of Twin Conditions Required for Invoking Section 263 Jurisdiction, Income-tax Act, 1961.
Delhi HC sets a precedent on s. 263 jurisdiction: AO orders must be both erroneous and prejudicial to the revenue to be considered valid.
Dec 30, 20233 min read
SARFAESI Act: HC Refuses to Entertain Disputes Under SARFAESI on Grounds of Alternate Remedy
High Court of Punjab & Haryana emphasizes SARFAESI's self-contained remedies, limiting intervention to only unique legal queries.
Dec 29, 20233 min read
Supreme Court Denies Bail to Bureaucrat in Money Laundering Case
Supreme Court denies Saumya Chaurasia bail, citing her involvement in money laundering and misrepresentation.
Dec 29, 20234 min read
Madras High Court Explores the Boundaries of Valuation Report Sharing by Resolution Professionals
Discover how Madras HC addresses unauthorized VR sharing by RPs in liquidation cases, emphasizing strict IBBI guidelines.
Dec 28, 20233 min read
[NCLT] Amounts Payable Under Successful Resolution Plan Do Not Constitute Financial Debt
NCLT rules that plan payments are not 'financial debt' under IBC s.7.
Dec 28, 20233 min read
Delhi High Court Allows Impleadment of Builders Association of India in the Cement Cartel Case
Delhi High Court upholds CCI's decision, allowing BAI's crucial role in the investigation of cement cartelization.
Dec 23, 20234 min read
[Bombay HC] Accused persons can be denied bail, even if they are not directly involved in the predicate offence but can still be prosecuted under PMLA
Introduction In the matter of Sadanand Gangaram Kadam v. Directorate of Enforcement [i] , the Bombay High Court (‘BHC’) denied bail to...
Dec 22, 20235 min read
The Tribunal Upholds the Validity of Investigations Under S. 213 of the Companies Act, 2013 During CIRP and Liquidation Proceedings
NCLT directs probe into Vikram Structures for illegal sales exceeding 243,037 sq. ft., misappropriating Rs. 136.5 crores.
Dec 22, 20233 min read
Additions Made Without Giving Notice Are Bad in Law
ITAT rules on fair notice in Net Agri Co. v. Tax Officer, stressing procedural fairness in tax law.
Dec 6, 20233 min read
Karnataka High Court Quashes CoC Resolutions Over Procedural Irregularities
Karnataka HC enforces fairness in insolvency, invalidating a CoC decision due to notice flaws
Dec 1, 20233 min read
Madras HC also Holds that Online Rummy and Poker are Games of Skill
Introduction The Madras High Court (‘HC’) in All India Gaming Federation v. The State of Tamil Nadu [1] , partly allowed the appeals...
Nov 27, 20236 min read